Trading with point and figure

[Dentalfloss]

bulls will be happy if 9500 is supp
otherwise 9328 area is trend supp

that area got tested 3 times this morning
bull tests..it held
scalps in and out on all 3 tests
we pump to retest our 9440 area

 

[Moneylender]

We have a poss BO of blue res level

 

[Dentalfloss]

1920 and 9440 areas working nicely

 

[Moneylender]

SnP Pivots

 

[Moneylender]

Dax

 

[Dentalfloss]

isolate the latest trend on 1 minute

 

[Dentalfloss]

you can see that the last downtrend on dax and spx had been taken out
so..a good chance that bulls were coming in

 

[Dentalfloss]

first port of call
carve up the chart into bullish and bearuish sections using trendlines

oil/wti

 

[Moneylender]

Cheers 007, I still got a lot to learn!

 

[Dentalfloss]

xauusd
excellent movement from our pivot area

 

[Dentalfloss]

dax
updated chart

 

[Dentalfloss]

dax chart just posted
looks a bit unhealthy
but...it could build a base and pop

 

[Dentalfloss]

spx
in reasonable shape
rangebound now

 

[Dentalfloss]

1884 poss decent supp area
lets see

 

[Dentalfloss]

dax chart just posted
looks a bit unhealthy
but...it could build a base and pop

um..nope
no base
stayed unhealthy..lol
but
we went with flow...down

 

[Moneylender]

um..nope
no base
stayed unhealthy..lol
but
we went with flow...down

Quite a sell off but looks like the base is at 250

 

[Dentalfloss]

spx 1 min

 

[Dentalfloss]

downmove on 1 min that started at US open
now...taken out

 

[Dentalfloss]

change inputs and look what it reveals

 

[Dentalfloss]

bulls will want to see 1892 as supp
red trendline and purple horizontal confluece
a break above..if p/b holds 1892 ..ish...off we go